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extended virus.
“We are encouraging
auditing, consulting,
accounting advisory servic-
nee
business owners to consult es, and client accounting.
with their tax advisor about Through its Gateway
Edmond accounting firm their eligibility for these Executive Solutions divi-
Arledge and Associates said credits,” Mullins said. sion, the firm offers out-
taxpayers should be aware
of important tax develop-
ments from the IRS and
the Oklahoma Tax
Commission.
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According to the IRS, the
April 15 due date for filing
federal income tax returns
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and making federal income
tax payments has been
postponed to July 15, 2020.
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Affected taxpayers do not
have to file extensions and
there is no limitation on
the amount of the pay-
ment that may be post-
poned.
Additionally, the
Oklahoma Tax
Commission says
Oklahomans now have Check out
until July 15 to file and pay
their 2019 Oklahoma
income tax return. This is
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applicable to income tax
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due from the 2019 tax year
and the first quarter pay-
ment for tax year 2020,
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both of which would nor-
mally be due on April 15.
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“These extensions will
benefit many taxpayers &ENPOE &DPOPNJD XXXPSFJMMZBVUPDPN
who are facing unexpected %FWFMPQNFOU "VUIPSJUZ
challenges from the coron- 0BLSJEHF &RVJOF )PTQJUBM
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avirus pandemic,” said CPA PBLSJEHFWFUDPN
Josh Mullins, partner. &ENPOE 5BH "HFODZ
“Taxpayers who are expect- 0LMBIPNB "UUPSOFZT .VUVBM
ing refunds are not XXXPLUBHBHFOUDPN *OTVSBODF $PNQBOZ
required to wait to file their
returns and receive their
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refund.” 4NBMM "SDIJUFDUT
The U.S. Treasury XXXGSBODJTUVUUMFFEV Baggerley Funeral Home Okla
Department, IRS and the XXXTNBMMBSDIJUFDUTDPN Bo’s Burgers, Wings Apa
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have announced that small 0QQPSUVOJUZ
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and midsize employers, XXXGSPOUJFSUVCVMBSDPN
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those with fewer than 500 XXXNFBEPXTPLMBIPNBDPN C&R Liquor Cen
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employees, can take
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advantage of refundable GVOEBNFOUBMSPPàOH Deer Creek Silv
payroll tax credits to help DPOUSVDUJPOMMDCVTJOFTTTJUF XXXVOJWFSTBMJOTVSBODFDPN
reimburse employers for Family Healthcare Sou
the cost of offering paid (PPEFO (SPVQ 6QTUBHF 5IFBUSF BOE & Wellness Spri
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Copyright (c)2020 Edmond Sun, Edition 04/01/2020 HPPEFOHSPVQDPN Clinic Mem
Looking for a
April 2, 2020 8:56 am (GMT +5:00)
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